Daily Brief TMT/Internet: Gemvax & Kael, Autodesk Inc, Urban Company, Xiaomi, Info-Tech Systems, Crowdstrike Holdings , Marvell Technology , Apple , SS&C Technologies, Haivision Systems and more

• KRX dropped its September sector rejig post-close: only Semis (₩0.96T), Autos (₩0.51T), and Healthcare (₩0.31T) matter. Lineup below.
• AUM-Wise, Semis was key. September TMI reshuffle saw light additions, heavy deletions; otherwise, results largely matched earlier forecasts.
• TMI reshuffle flew under the radar with little pre-positioning; ETF rebalances next Thursday could trigger notable price moves — consider long/short baskets on high-impact names.

• Autodesk, a prominent player in the design and make software space, has demonstrated robust second-quarter performance for fiscal year 2026.
• The company exceeded expectations across several key financial metrics, including revenue, non-GAAP earnings per share, billings, non-GAAP operating margin, and free cash flow.
• Consequently, Autodesk has raised its guidance for the entire fiscal year, highlighting its optimistic outlook despite an uncertain geopolitical, macroeconomic, and policy environment.

• Urban Company(UC) is looking to raise about US$220m in its upcoming India IPO. 
• UCL is a tech-enabled platform offering home and beauty services delivered by trained professionals at customer’s location.
• In this note, we look at the company’s past performance.

• Xiaomi reported C2Q25 top line, non-IFRS operating profit and IFRS net income (2.3%), (0.5%) and 41% vs. our estimates, and in-line, (14%) and 31% vs. consensus. 
• Xiaomi’s growth strategy is to replicate its brand success from smartphones to appliances and EV’s and from China to the rest of the world. 
• We raise TP from HK$56 to 61 and place Xiaomi into TOP BUY list.

• We initiate coverage on Info Tech Systems (Info Tech) with a Buy recommendation and a DCF-based target price of SGD 1.17 (33% potential upside).
• Info Tech should generate revenue CAGR of 6.2% in FY25-28 and is likely to generate SGD 18 mn in EBITDA in FY25.
• Info Tech runs a Singapore-based SaaS business targeted at SMEs.

• CrowdStrike Holdings, Inc. presented its fiscal second-quarter 2026 results, highlighting several positive outcomes and some challenges.
• Key highlights included a robust quarter marked by record Q2 net new Annual Recurring Revenue (ARR) of $221 million, ending ARR of $4.66 billion, and record operating income of $255 million.
• The company’s total revenue grew by 21% year-over-year, reaching $1.17 billion, exceeding expectations.

• Marvell Technology Inc.’s second quarter of fiscal year 2026 demonstrated notable progress, with record revenue of $2.006 billion—an increase of 6% sequentially and 58% year-over-year.
• The company’s significant growth was fueled by the data center end market, which represented 74% of the total revenue and saw a 69% year-over-year increase, largely driven by strong AI demand.
• This demonstrates the company’s successful pivot to focus on data centers and AI, a strategy underscored by the recent divestiture of its automotive ethernet business for $2.5 billion, allowing for concentrated investments in the data center sector.

• Apple’s latest foray into artificial intelligence marks a dramatic pivot as it attempts to stay relevant in the rapidly evolving AI landscape.
• During its June quarter earnings call, the tech giant highlighted its aggressive efforts to embed generative AI across its ecosystem.
• Tim Cook announced a slate of AI-powered features, including a more personalized Siri, live translation, and on-device foundation models under the Apple Intelligence brand.

• SS&C Technologies is doubling down on its international expansion strategy with a pending acquisition that could reshape its footprint in South Africa and potentially across the broader African continent.
• The Windsor, Connecticut-based fintech and fund administration giant recently announced its intent to acquire Curo Fund Services, a top-tier South African fund administrator overseeing more than R3 trillion (USD 170 billion) in assets.
• The acquisition, which remains subject to regulatory clearance from South Africa’s Competition Commission, comes at a time when SS&C is posting record financials—Q2 2025 adjusted revenue hit $1.538 billion (+5.9% YoY), and adjusted EBITDA crossed the $600 million threshold for the first time.

Key points (machine generated)

• Haivision is a founder-led business valued low due to recent structural improvements and strategic acquisitions, with plans for double-digit revenue growth starting in 2026.
• The company secured an $82 million contract with the U.S. Navy, contributing to projected FY2024 revenue of $130 million and an enterprise value of $115 million.
• Haivision specializes in video networking and streaming solutions, generating 72% of revenue from hardware using the proprietary SRT protocol, and operates in Government & Defense, Media, and Entertainment markets.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.